Daily flat forecast

23.03.2021

Daily chart: the euro continues to accrue potential for decline in the direction of the lower Bollinger band (1.1798). Meanwhile, the ADX activity is at a low level, so a continuation of the flat seems to be a more probable scenario.

Н4: the local trading range is limited by horizontally oriented Bollinger bands (1.1877-1.1955). A weak ADX is also noted here, so the flat forecast is the major one.

Н1: within the day, the bears are trying to break through the lower Bollinger envelope in the 1.1912 zone. But the euro is unlikely to drop below 1.1877 today.

Conclusions: flat in the range 1.1877-1.1929.
Trading decisions: short-term deals in the range of 1.1877-1.1929.